ISET Policy Institute collaborated with Gesellschaft für Internationale Zusammenarbeit (GIZ) starts a training course about integrating ecosystem services into local development planning.

Integrating Ecosystem Services into Local Development Planning is a piloting program which will be held for two local self-governing bodies – Akhmeta municipality and Dedoplistskaro municipality. The training consists of two modules: an introductory (3 full day training) and advanced (4 full day training) modules. Training program aims to improve the capacity of local authorities to identify and deal successfully with the trade-offs between social, economic, and environmental aspects arising from the implementation local development strategies.

ISET-PI trains Competition Agency of Georgia Staff in the basics of econometrics and STATA. The objective of the training is to strengthen the capacity of the Competition Agency staff to use STATA to conduct independent data analysis, run OLS regressions and interpret robust results.

Starting from the data entry, the course introduces ways of running various operations, including operations on variables.

The course is divided in two main parts: in the Introductory part participants are introduced with the principles of the software and basic commands to manage software; in the more advanced part participants are introduced to basics of econometrics starting from hypothesis testing using the software and Ordinary Leas Squares regression (OLS) analyses.

ISET is implementing a new training program, "Economics, Finance and Banking," with VTB Bank. The aim of the program is to introduce VTB Bank's employees to the major principles of economics, finance and banking.

The training program is now being conducted twice a week for 20 employees.

The ten-module training program is structured around the most important elements of economic understanding. The program covers how markets work in an open economy, how the exchange rate is formed, why we should worry about inflation, external disbalances, unemployment, what hinders economic growth, the benefits of free trade agreements, the role of the central bank, how monetary and fiscal tools work, etc. Each topic is based on real-life domestic examples that are the most pressing in Georgia.

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